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..., 88-104447 FHA ASSUMPTION POLICY RIDER J NOTICE: THIS RIDER ADDS A PROVISION TO THE INSTRUMENT ALLOWING THE MORTGAGEE TO REQUIRE PAYMENT OF THE NOTE IN FULL UPON TRANSFER OF ALL OR PART OF THE PROPERTY. This Assumption Policy Rider is made this 12 th day of Aulust ,19 86 , .md is incorporated into and shall be deemed to amend and supplement the Mongage, Deed of Trust, or Deed to Secure Debt (the "Instrument") of the same dategiv_e_n llY the undersigned (the "Mongagor") to secure the Mongagor's Note (the "Note") of t~ lH\t!l@: CORPIIlATIlIM (the "MOngage~~5a~vering theQ'i~escriJ1ed~~he Instrumenl and located at; (Property Address) AMENDED COVENANT. In addition 10 the covenants and agreements made in the Instrument, Mongagee and Mongagor further covenant and agree as follows: The Mongagee shall, with the prior approval of the Federal Housing Commissioner, or his designee, declare all sums secured by this mortgage to be immediately due and payable if all or part of the prop- erty is sold or otherwise transferred (other than by devise, descent nr operation of law) by the mort- gagnr, pursuant to a contract of sale executed not later than ~2 D 24 months after the date on which the mortgage is endnrsed for insurance, to a purchaser whose credit has nOI been approved in accordance with the requiremenls of Ihe Commissioner. ~a. DAHlE!. A. IERSH Mongagor has executed this Assumption Policy Rider. ~ (Seal) /fd// ddl Mortgagor BETH A. IERSH (Seal) Mortgagor (Seal) Mortgagor (Seal) Mortgagor (Sign Original Only) NOTE: If ,he property is not the principal or ...:ondary residence of Ibe Mortgagor, 24 months will be checked instead of 12 months. (Space below Ihis line for acknowledgement) ..;521 188021 FHA Assumption Policy Rider - Multis18te VMP MORTGAGE FORMS. 13131293.8100 . 18001521-7291 2/88